Iraq Oil, Gas, Petrochemical & Electricity Summit confirmed to take place in Dubai, UAE on 28-30 May 2007

Published April 24th, 2007 - 19:20 GMT

In agreement with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce that the official Iraq Oil, Gas, Petrochemical & Elect

In agreement with the Iraqi Government, the Iraq Development Program (IDP) is proud to announce that the official Iraq Oil, Gas, Petrochemical & Electricity Summit will now be taking place in Dubai, UAE on 28-30 May 2007.

For the most important sectors of the Iraqi economy, this historic landmark event will be the first of its kind since the formation of Iraq's Unity Government, with these key decision makers participating with the full intent of establishing relationships and entering into contractual negotiations with all international operators wishing to be part of both the upstream and downstream sectors.

Iraq has the world’s second largest proven oil reserves and the Government is now finalising its new hydrocarbon laws, following the declaration of the investment law for Iraq’s extractive industries. The timing of this summit could not be better.

The summit will welcome representation from the Iraqi Ministries of Oil, Industry & Minerals and Electricity, as well as the Iraq Energy Council, Investment Promotion Agency and the Kurdistan Regional Government (KRG) Ministries of Natural Resources, Industry and Electricity. It will also host many of the state companies operating under the Iraqi Ministry of Oil and senior representatives from the Iraq Reconstruction Management Office (IRMO).

All attending Iraqi Ministries will be outlining the requirements for their relevant sectors in front of the senior corporate audience, before holding private consultations with some of the pre-eminent operators within the global energy sector.

These best-in-breed operators and companies will be represented at board level, with the summit having attracted interest from the likes of Shell, ConocoPhillips, Chevron, Lukoil, Total, Statoil, Marathon Oil, Kuwait National Petroleum, Schlumberger, Oracle, Technology Partners, ABB, BHP Billiton, General Electric, Siemens, Cummins Power, Pratt & Whitney, Bukkehave, Control Risks, Sumitomo, Babcock, AMEC, Mitsubishi, Marubeni, Wartsila, Deutz, Mitsui, Honeywell and a variety of medium-sized operators as well as leading Russian and Asian companies.

Furthermore, the summit will ensure the involvement of leading Iraqi businesses and families. A central pillar of the Iraq Development Program is to promote greater employment in Iraq through partnerships and to allow for international operators to meet with local Iraqi operators to explore partnering opportunities.